Wells, 35, signed with the White Sox last month but was released just ten days later. The Burton Rocks LTD client hasn't pitched in the big leagues since 2009 and owns 4.71 ERA in over 1,300 innings. Reports from earlier this spring indicate that his fastball is still running as high as 93 mph.

Reyes, 30, did not play at all last season. He's pitched to a 5.12 ERA in 293 1/3 career innings, but like Wells he hasn't been in the show since 2009. Reyes is perhaps best known for his eight-inning, two-run performance in Game One of the 2006 World Series for the Cardinals.

Reyes, 29, underwent reconstructive elbow surgery in June of 2009 after making eight starts for the Indians and posting a 6.57 ERA with 5.2 K/9 and 5.4 BB/9 in 38.1 innings. He spent the 2010 season rehabbing and made five minor league starts before working on his mechanics with the big league staff and pitching in the Fall Instructional League.

Once a top prospect with the Cardinals, Reyes rose quickly through the St. Louis system and struck out more than a batter per inning with excellent command in the minors from 2004-06. However, he has faltered since winning the opening game of the 2006 World Series.

Catcher Chris Gimenez and right-hander Anthony Reyes are free agents, the Indians announced. The Tribe outrighted Gimenez and Reyes today, along with right-hander Hector Ambriz. Gimenez, 27, batted .190/.288/.328 in 67 plate appearances this year. He has struggled to hit at the big league level in two short stints with the Indians.

Reyes, a former top prospect with the Cardinals, rose quickly through the St. Louis system after being selected in the 15th round of the 2003 draft. He struck out more than a batter per inning with excellent command in the minors from 2004-06, but soon lost his top prospect status.

This year, the 29-year-old struggled through 10.0 minor league innings and did not pitch in the majors. Last year, he made eight starts for the Indians and posted a 6.57 ERA with 5.2 K/9 and 5.4 BB/9 in 38.1 innings. Reyes does have one major postseason accomplishment; he pitched eight innings of four-hit, two-run ball against the Tigers in the opening game of the 2006 World Series.

An under-the-radar move to keep an eye on is Cleveland's decision to add Anthony Reyes to the 40-man roster and place him on the 60-day disabled list, something the Indians needed to do to keep Reyes from exercising an out clause in his contract.

Indians GM Mark Shapiro told MLB.com's Anthony Castrovince that he believes Reyes can help the Indians this year, and there is ample reason to believe him.

Reyes underwent Tommy John surgery in June 2009, providing a medical answer to why a pitcher who had been so dominant in the minors- and occasionally in the majors- could also do things like post a 2-14 record and a 6.07 ERA in 2007 for the Cardinals, or post more walks than strikeouts for Cleveland in 2009.

But it is easy to forget that Reyes was considered one of the top prospects in all of baseball, making Baseball America's Top 100 lists in both 2005 and 2006. In 428 minor league innings, Reyes struck out 446 while walking just 101.

Tommy John surgery is usually a 12-month recovery, so Reyes could be back in action by this June. It is hard to know just how much to expect out of him upon his return, but clearly, Cleveland considers him worth another look.

Ken Rosenthal of FOX Sports (via Twitter) says that three AL teams and three NL teams have shown interest in Chien-Ming Wang. However, the Dodgers are not one of those teams "yet." Rosenthal notes that Wang is a favorite of Joe Torre and his staff.

In his running blog, Rosenthal says that Kevin Youkilis' versatility gives the Red Sox a number of options this winter. Boston could sign Adrian Beltre to play third or, for a much lower price, Nick Johnson to play first.

Regardless of where Wang signs, we can safely assume that it will not be for a split contract. The Yankees made the 29-year-old a minor-league offer that would become a major-league deal once his shoulder was healthy. Wang's agent demanded guaranteed money, according to Bill Madden of the New York Daily News.

The White Sox have signed Freddie Bynum and T.J. Bohn to minor league deals, according to the FutureSox twitter page.

Kevin Correia's agent Barry Axelrod told Dan Hayes of the North County Times that the Brewers and Rays both showed interested in trading for his client. While GM Jed Hoyer gave him no guarantees that the one-year deal won't be a sign-and-trade, Axelrod is confident that the 29-year-old will pitch for San Diego in 2010.

Tom Haudricourt of the Milwaukee Journal-Sentinel spoke to Mike Rivera, who was non-tendered by the Brewers yesterday. Rivera says he was caught off guard by the decision but was told by GM Doug Melvin that the organization might reach out to him again at some point.

The Indians have announced via press release that they have re-signed right-handed pitchers Anthony Reyes and Adam Miller to minor league deals after non-tendering them yesterday.

In 2009, Reyes turned in a 6.57 ERA in eight starts before his injured right elbow, which required surgery, shut him down for the year.

Miller, meanwhile, did not pitch last season as he underwent surgery on his right long finger for the third time. The 25-year-old was once one of the top prospects in the Tribe's system, having been their supplemental choice (31st overall) in the 2003 draft.

With around 100 free agents vying for less than 20 remaining roster spots, things become more interesting with 227 players on big-league rosters who are out of options. If a player is out of options and is not rostered, he has to either be traded or designated for assignment. If designated, that player has to clear waivers. This could affect remaining free agent signings. Cafardo makes note of a few who are out of options and may wind up as trade fodder or designated for assignment before the season begins:

Currently the idea of the Brewers swapping Prince Fielder for Matt Cain is just fun speculation. However, it is true the Brewers will listen on Fielder (he is about to get expensive). The Giants are known to like the big first baseman. The hangup is Brian Sabean’s reported unwillingness to trade Tim Lincecum or Cain.

The Giants also have their eye on Adrian Beltre. The Mariners want starting pitching, but one year of Beltre is not equal to four of Jonathan Sanchez.

The Phillies still don’t want to go past two guaranteed years for Pat Burrell. Stark points out another complication – Burrell would gain 10-and-5 rights early in a Phillies contract. Any NL team inking Burrell for four years is a risky proposition given his defense. If Burrell leaves the Phillies, Stark doesn’t expect the team to sign a major free agent as his replacement.

The Indians deserve props for acquiring Anthony Reyes. Let’s not overdo it though – it’s only been five starts, and his strikeout rate is just 4.0 per nine in Cleveland.

The Indians talked to multiple teams about Cliff Lee last winter. Interestingly, they thought the hardest about swapping him for Carlos Quentin.

The Astros were quite willing to trade Ty Wigginton, prior to his massive August.

This one will be a bit lengthy, which can be expected as the deadline approaches. Here’s a review of some of the major moves and rumors of the last week:

The Yankees acquired Xavier Nady and Damaso Marte from the Pirates for OF Jose Tabata, RHP Ross Ohlendorf, RHP Dan McCutchen and RHP Jeff Karstens. I agree with Tim that Ian Kennedy would’ve been a better centerpiece, but Tabata is pretty highly-touted himself. Kennedy would have made a more immediate impact, while Tabata is only 19 years old.

The Dodgers acquired Casey Blake for minor league RHP Jon Meloan and C Carlos Santana. The Dodgers get a nice boost to their lineup without giving up too much, although Santana’s putting together a very impressive season in Class-A ball.

The Nationals sent Jon Rauch to the Diamondbacks in exchange for minor league 2B Emilio Bonifacio. Rauch adds to a strong bullpen for Arizona, while Bonaficio could become a very solid leadoff hitter in the future for Washington. They may have been able to get more for Rauch, but I personally like the move, regardless.

The Brewers acquired Ray Durham from the Giants for minor leaguers Darren Ford and Steve Hammond. Rickie Weeks has been a disappointment to an otherwise red-hot club. Can Durham provide a bit more stability? The power’s gone, but he can still get on base.

The Astros acquired Randy Wolf from the Padres for minor league pitcher Chad Reineke. This one confuses me a little bit; with all due respect, did the Astros forget they were 12.5 games out? I don’t see the logic in buying on a pitcher.

The Cardinals traded Anthony Reyes to the Indians for minor league pitcher Luis Perdoma. I don’t get this one either. I feel like the Cardinals could have gotten more, despite Reyes’ struggles in the past. The Indians could make this one look like a steal, in my opinion.

The Yankees are in deep discussion with the Mariners about acquiring Jarrod Washburn. Tim cites Buster Olney and Ken Rosenthal in saying that the Mariners want a top prospect in addition to the salary dump, but the Yankees are only offering a marginal prospect. Can’t say I blame them. A top prospect for an mediocre pitchers who’s due an additional $14MM? Sounds like Seattle’s getting greedy…

A new, and surprising name surfaced in trade talks: Manny Ramirez. Manny has said he would waive his no-trade clause, and based on interviews, has basically said that 2008 will be his last season in Boston. I can’t see Boston trading their (arguably) best hitter in the middle of a pennant race, however. I’d bet on him finishing out the season.

Speaking of corner outfielders, the Mets need one, and they know it. Having missed out on Nady and Blake, they will likely zero in on Raul Ibanez. Ibanez makes great sense for them, and the Mariners would obviously like to rebuild. I expect this one to get done.

There was a report that Roy Halladay came out and told the Blue Jays that he is unhappy in Toronto, which has provoked the Jays to explore their potential options. Halladay’s price would have to be astronomical, I’d think. He’s signed through 2010 and pitching like it’s 2003 all over again. Personal speculation: I think Halladay to the Cardinals with a Colby Rasums centerpiece would make sense.

The Cleveland Plain Dealer is reporting that the Indians have acquired Anthony Reyes from the Cardinals for a minor leaguer. Reyes who worked out of the bullpen earlier this year for the Cardinals, was most recently in triple-A, where he made 11 starts, going 2-3 with a 3.25 ERA.

The Cardinals received Luis Perdoma, a relief pitcher, who has split the year between single-A and double-A. At Akron, Perdoma was 2-0 with a 3.52 ERA with one save.